moneysifu do you aware that AirAsia drop to 76.5 sen only 7 months ago? Why it can rebound so fast? Don't rule out the same with Parkson.

You must a newbie to not know share price can fluctuate wildly. Do you exist when Repco jump to RM 200 in 1998 and subsequently delisted. Don't think what share jump high must be good. Similarly what share drop a lot can still rebound later on.

Since you compare Parkson with Aeon then you should compare Parkson and Aeon share price like what people compare Panasonic and Pensonic share price.

Rozali 40% stake in Puncak is less than 60% William Cheng stake in Parkson which ks55 or speakup condemned.

Why Rozali dare not buy more Puncak?

Posted by kahhoeng > Apr 24, 2016 04:41 PM | Report Abuse
Interestingly, the article failed to point out that Puncak had a market cap of less than 600 million but in a net CASH position of 1200 million. Err... another 600 million in land/properties that's debt free?

I beg to differ. Rozali is using Puncak cash to help him cash out from Triplc.

Roger123 any idea what else Rozali own beside Triplc?

Not exactly. WC daughter has become new mgmt so you won't see SBB using a lot of money unlike last year. Now SBB only use at 87-99 sen range not above RM 1. They also venture into shopping malls and F&B business recently not only retailing.

Posted by paperplane2016 > Apr 24, 2016 01:21 AM | Report Abuse
Mgt all old ppl. Cant even fight the taiwanese in china and also china ppl. Shame.

Triplc limit up on Monday using Puncak cash to buy.

Bornoil become burn oil(money)? Hence Victoria Capital and Hap Seng disposing.
http://klse.i3investor.com/servlets/stk/annchsh/7036.jsp

Monday better buy Triplc.

Puncak to takeover Triplc at RM 2.32? How much cash Puncak needed?

Pen6 if you follow ks55 to cut loss Parkson loss is yours and he won't pay you single sen. Shares buy back will to WC control even more Parkson which he can eventually privatized.

Pen6 you must be a poor guy. Only appear in Parkson thread yet not buying.
http://klse.i3investor.com/servlets/cube/post/pen6.jsp

WC still own over 60% Parkson. More buy back will lead to sooner privatization.

London listing aborted? So right issue coming next?

Regular shares buy back mean Parkson take care of shareholders interest well(instead of using cash to bail out companies like Puncak do).

Where is the special dividend or shares buy back "promised"? Bailing out companies(Triplc) is what Puncak will do.

Good to hear so many Parkson supporters. Yes Parkson has bottomed out like many stocks. Hope we all can gain more in coming week.

As long as Puncak don't announce dividend or shares buy back expect it to go down. Current business is loss making.

Last Friday buy back who sold at 87.5 sen will lose 2 sen by closing time. Same today?

Notice of Shares Buy Back - Immediate Announcement
PARKSON HOLDINGS BERHAD

Date of buy back 26 Feb 2016
Description of shares purchased Ordinary shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 1,450,000
Minimum price paid for each share purchased ($$) 0.875
Maximum price paid for each share purchased ($$) 0.895
Total consideration paid ($$) 1,299,623.04
Number of shares purchased retained in treasury (units) 1,450,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 21,375,580
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 1.95000

Sell straight RM 1.04. More losses like RM 100 million last QR coming.

Someone said 80 or even 50 sen better buy. Why cannot wait?

Even Rozali dare not buy or give dividend or have shares buy back.

Don't try to buy now or you will get burn.

Luckily don't follow ks55 so you are smart. Share buy back at end day will still push up Parkson.

Shares buy back is real money. Those still cut loss is your real loss.

If study latest balance sheet Parkson PPE increase by RM 1.26 billion meaning purchasing new shopping malls worth RM 1.26 billion. For same reason cash balance reduce. Since most the shopping malls yet to be completed we cannot see profit come in as revenue not yet accounted.

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT
AS AT
Note
31.12.2015
30.6.2015
RM'000
RM'000
ASSETS
Non-current assets
Property, plant and equipment
3,743,364
2,483,081

Drop could be due to some weak holders facing margin selling(or cut loss) but definitely not from major shareholder Tan Sri William Cheng. Each round of share dividend enable WC and Tabung Haji(no 2 Parkson top shareholders) increase their stakes. Parkson has slowed down shares buy back this year and use more of the money to invest in shopping malls(Maju Junction, Qingdao, Puchong, Cambodia and Melaka) for future profit.

Posted by pypw > Feb 28, 2016 08:47 AM | Report Abuse

I bought this share also based on these few factors. NTA and share buy back. However, sometimes like this counter share price keep drop without ending (almost from rm5 to now ) Investors see their hard earn money gradually become lesser and lesser by each day. I really can imagine how the feelings.

NTA RM 2.59 mean if Parkson manage to sell all its assets(listed stocks PRGL and PRA, shopping malls, etc) it should worth RM 2.59 vs 89.5 sen currently.
http://klse.i3investor.com/servlets/stk/fin/5657.jsp

Share buy back give sign Parkson is undervalue. Allow major shareholder to increase his stake without using his own money. Is better than dividend because can support share price sliding down too much unless it stop abruptly like what Parkson faced last year when stop buy back in June'15.

jayawin Share buy back buy company mean no dividend will be declare. Dont want to touch this stupid share

27/02/2016 11:42

Next QR Jan-Mar'16 will see Parkson making profit again. Take advantage to buy low now.

Making progress under new management
http://www.thestar.com.my/metro/smebiz/news/2016/02/02/making-progress-under-new-management-maju-junction-sheds-wornout-look-after-becoming-parkson-corps-f/

If can buy back 2 million shares today must thank those cutting loss today.

Despite people talking bad Parkson revenue keep increasing. Only need to take care is their expenses mainly rental and staffs expenses.

Should be shares buy back get aggressive today.

Perhaps WC purposely pressing down Parkson for him or shares buyback to buy cheap?

smallfrysmellgood why should I sell?

Selling q subside. Accumulation in progress?

Buy back 1 million shares should not be ruled out today.

Looking at very big buy q at 87-89 sen today selling climax could happen near soon.

Buy back shares 500K can be done today. If further drop increase qty shares buyback should not be a problem.

Right issue and no dividend expected for E&O in years ahead until STP2 complete which can drag until 10 years.

When property market slows and mounting debts E&O sales will drop and interest expenses escalating for sure.

Why QR still not out? Red ink or loss making?

IOI Lee can also support buying if he keen to take control and implement necessary changes required at Parkson.

Could be selling come from Public Mutual(cut loss after downgrade?) but Parkson share buyback is ready to pounce.

Mahkota Parade is one of them and many old Parkson stores should be closed.